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The following labor standards have been established for a particuar product Standard labor hours per unit of output Standard labor rate. The following data pertain to operations concerning the product for the last month Actual hours worked i Actual total labor cost Actual output 7,600 hours $ 135,280 1,800 units. 4.0 hours $ 17.70 per hour Required: 6. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month? The following labor standards have been established for a particuar product Standard labor hours per unit of output Standard labor rate. The following data pertain to operations concerning the product for the last month Actual hours worked i Actual total labor cost Actual output 7,600 hours $ 135,280 1,800 units. 4.0 hours $ 17.70 per hour Required: 6. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month?
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Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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